Re: [ANN] BlackCoin (BC) | Launched | scrypt | PoS

Hi,

The stake of 1% annually. Does this mean you get 1% extra coins per year? (Much lower than with MINT or EBT)

Anybody?

i am also very interested in an answer to this very important question

Thats the function in the source:

Code:

// miner's coin stake reward based on coin age spent (coin-days)
int64 GetProofOfStakeReward(int64 nCoinAge, int64 nFees)
{
   int64 nSubsidy = nCoinAge * COIN_YEAR_REWARD * 33 / (365 * 33 + 8);

   if (fDebug && GetBoolArg("-printcreation"))
   printf("GetProofOfStakeReward(): create=%s nCoinAge=%"PRI64d"\n", FormatMoney(nSubsidy).c_str(), nCoinAge);

   return nSubsidy + nFees;
}

COIN_YEAR_REWARD = 0.01 (1%)

But I couldn't figure it out when and how often it applies.
Maybe a DEV could help to understand this better?

edit: typo

Thanks for the feedback. So it really is 1%. This basically means it is a pure POW coin, since nobody will be really interested in the PoS rewards, I think.

As has been said a thousand times in this thread it is 1% nominal interest. That 1% can be compounded as much as every 8 hours. If you don't understand what compound interest means then go look it up. If you don't think that will be enough POS then don't bother, leave it to the people who actually understand.